商业银行资本结构对盈利能力影响实证研究--基于11家上市银行数据分析  

An Empirical Study of the Impact of the Capital Structure of Commercial Banks on Their Profitability--Based on an Analysis of the Data of 11 Listed Banks

作　　者：姚燕燕[1] YAO Yan-yan(School of Finance and Accounting,Fuzhou University of International Studies and Trade,Fuzhou 350202,China)

机构地区：[1]福州外语外贸学院财金学院,福州350202

出　　处：《西南大学学报（自然科学版）》2020年第11期118-127,共10页Journal of Southwest University(Natural Science Edition)

基　　金：福建省社会科学规划项目(FJ2018B075).

摘　　要：在经济转型发展、金融脱媒、利率市场化改革的大背景下,商业银行盈利能力正不断面临挑战,2013年银监会颁布的资本充足新规以及2018年的资管监管条例都进一步冲击着银行的盈利能力.在梳理资本结构对盈利能力影响路径的基础上,采用2007-2018年11家上市商业银行的数据指标进行因子分析和固定效应模型回归,进一步剖析资本结构对银行盈利能力的影响状况,发现除股权集中度对银行盈利具有负向影响外,债权比例及其附属资本占比、资本充足率均对银行盈利能力有正向影响.In the context of economic transformation and development,financial disintermediation and interest rate liberalization reform,commercial banks in China are constantly facing challenges in profitability.The new regulations on capital adequacy in 2013 and the regulations on asset management in 2018 issued by the China Banking Regulatory Commission have further impacted banks'profitability.On the basis of sorting out the impact path of capital structure on profitability,the data indicators of 11 listed commercial banks from 2007 to 2018 are used in this paper for factor analysis and fixed-effect model regression so as to further analyze the impact of capital structure on bank profitability.The results show that the equity concentration of a bank has a negative impact on its profitability and,in addition,its proportion of debt,proportion of subsidiary capital and capital adequacy ratio all have a positive impact on its profitability.At the end of the paper,some recommendations are given for the optimization of equity structure,debt structure and their proportions,and for the control of capital adequacy ratio.

关 键 词：资本结构 盈利能力 因子分析 固定效应模型 

分 类 号：F832.2[经济管理—金融学]